The company is not disclosing the financial details of the transaction. BMW AG will not seek a seat on the Supervisory Board of SGL Carbon SE based on the new investment.

SGL Automotive Carbon Fibers has built a carbon fiber manufacturing plant together in Moses Lake in Washington State in theUS. The new plant plays an important part in the two companies’ strategy to automate the production of ultra-light carbon fibre reinforced plastics (CFRPs) for use in future vehicle concepts.

The carbon fibers produced in Moses Lake are being processed at facilities in Wackersdorf and Landshut. Wackersdorf delivers textile fabrics made from carbon fibers, which are then being processed at the BMW plant in Landshut to make lightweight CFRP body components for the BMW i3 and BMW i8. Both vehicles will be assembled at the BMW plant in Leipzig. The BMW i3, the BMW Group’s first series-produced electric vehicle, will be released on the market in 2013, followed by the BMW i8 sports car in 2014.